GE Vernova Explores Sale of Proficy Software Division, Valued Up to $1B
The company is reaching out to both publicly traded companies with similar assets and private equity firms. But it's important to note that these early-stage discussions may not necessarily result in a sale. GE Vernova is continuously capitalizing on the rising power demand, which is expected to reach higher levels in and beyond H2 this year.
A view of the skyline from an electricity pylon, to show the ubiquity of the companies energy products.
GE Vernova reported strong Q1 2025 earnings for its electrification software, which includes Proficy. These earnings grew by ~9% year-over-year and reached $224 million. Earlier in June this year, GE Vernova Hitachi Nuclear Energy also announced plans to establish a $50 million small modular reactor/SMR engineering service center in the Durham area in Canada.
GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity.
While we acknowledge the potential of GEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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